Climeworks raises $650 million to scale direct air capture capacity

Read the full story at ESG Today.

Zurich-based Direct Air Capture (DAC) startup Climeworks announced that it has raised CHF 600 million (nearly USD$650 million) in an equity funding round led by global private markets firm Partners Group and Singapore sovereign wealth fund GIC. The funding will be used to scale Climework’s Direct Air Capture capacity.

Additional investors included Baillie Gifford, Carbon Removal Partners, Global Founders Capital, M&G, and Swiss Re.

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